Nibe Limited has announced the successful completion of technical trials for its Vayu Astra-1 Loitering Munition. The trials were conducted in response to a Request for Proposal (RFP) from the Indian Army, requiring a 100 km range capability. The tests took place at the Pokhran Range in Rajasthan and Joshimath (Malari) in Uttarakhand.

Anti-Personnel and Anti-Armor Capabilities

During the trials at Pokhran, the Vayu Astra-1 successfully executed an anti-personnel strike. The munition carried a 10 kg warhead and struck a target located 100 km away in a single attempt. The system achieved a Circular Error Probable (CEP) of under 1 meter. Additionally, the trial demonstrated the munition's abort, attack, and re-attack capabilities.

The company also conducted an anti-armor night strike utilizing an Infrared (IR) camera. This trial resulted in a successful hit on the target within a 2-meter CEP in a single attempt. A key feature demonstrated during this phase was the ability to hand over control from the Ground Control Station (GCS) to a Forward Control Station located 70 km away.

Endurance and High-Altitude Performance

At the high-altitude range in Joshimath, the loitering munition achieved an endurance flight time exceeding 90 minutes. The operations were conducted at an altitude of over 14000 Feet. Following the mission, the system was safely recovered to facilitate subsequent flights.

Company Overview

Nibe Limited describes itself as a leading Indian defence technology company focused on the development, manufacturing, and integration of sophisticated defence systems. The company emphasizes innovation, self-reliance, and the 'Make in India' initiative to enhance the country's defence readiness and export capabilities.

Nibe Limited has announced the commencement of a remote e-voting process for a special business resolution regarding the appointment of a director. The company has issued a postal ballot notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013.

The special business seeks approval for the appointment of Mr. Rajagopalan Madhavan (DIN: 08209860) as an Independent Director of the Company. Mr. Madhavan was initially appointed as an Additional Director in the capacity of Non-Executive Independent Director by the Board of Directors effective March 25, 2026. The resolution proposes that he hold office for a term of five consecutive years from the date of appointment and that he shall not be liable to retire by rotation.

E-Voting Schedule and Eligibility

The company has engaged the services of National Securities Depository Limited (NSDL) to provide the remote e-voting facility. The voting period is strictly defined, and members must cast their votes within this window to ensure their participation is recorded.

Members holding Equity Shares as on the cut-off date are entitled to vote. The e-voting module will be disabled by NSDL after the conclusion of the voting period. The results of the postal ballot are expected to be declared within two working days from the conclusion of the remote e-voting period.

Scrutinizer Appointment

The Board of Directors has appointed Mr. Gaurav Thakur, Proprietor of M/s. Gaurav Thakur & Co., a Practising Cost Accountant, as the Scrutinizer. He will oversee the postal ballot process to ensure it is conducted in a fair and transparent manner. The Scrutinizer will submit a report to the Chairperson upon completion of the scrutiny.

Notice Availability

In compliance with relevant circulars issued by the Ministry of Corporate Affairs, the postal ballot notice is being sent only through electronic mode. Physical copies are not being dispatched. The notice is available on the company's website at www.nibelimited.com . Members who have not registered their email addresses are advised to do so to receive future communications and participate in e-voting.